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So how does the waitlist shuffle work after May 15? Is that the day in which most schools begin to move people off of the waitlist after already accepted applicants start dropping off in favor of another program? And does this all happen on May 15, or is it an on-going process over the next several weeks?
It depends on the school. Some have most activity around May 15, some have it a week later, and then it slowly tapers off. By mid June, it's pretty much over- maybe a handful of people will be accepted in July.